JiaChen Group Expects Profits to Double
Company Announcements

JiaChen Group Expects Profits to Double

JiaChen Holding Group Limited (HK:1937) has released an update.

JiaChen Holding Group Limited has issued a positive profit alert, anticipating a net profit increase of over 100% for the first half of 2024, compared to the same period in 2023. This significant rise is attributed to a surge in revenue of at least 20% and an improvement in gross profit margin by at least 5 percentage points. The growth is primarily due to the commencement of new production projects and the securing of sales orders with higher selling prices and lower production costs.

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